DGAP-News: Ultrasonic AG / Key word(s): IPO
Ultrasonic AG: starts successfully on the Prime Standard of the
Frankfurt Stock Exchange
09.12.2011 / 09:37
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Ultrasonic AG starts successfully on the Prime Standard of the Frankfurt
Stock Exchange
- First pricing EUR 9.00
- Free float of around 23 percent
- First IPO on Prime Standard since July
- IPO has strategic importance and accelerates expansion
Frankfurt, 9 December 2011 - The shares of the Ultrasonic AG, the German
holding of an established Chinese manufacturer and provider of high quality
branded urban footwear, have been traded today for the first time on the
Prime Standard of the Frankfurt Stock Exchange. Ultrasonic AG's initial
listed price was EUR 9.00 and corresponded to the fixed issue price of EUR
9.00 for each of the 700,000 placed shares at the IPO.
The market capitalization of the company amounts to EUR 95 million and the
free float is around 23 percent.
Ultrasonic AG is the first IPO on the Prime Standard of the Frankfurt Stock
Exchange since July this year. The issued shares were allocated to
institutional investors from Europe and Asia as well as to private
investors from Germany and Austria. Due to the high strategic importance
for Ultrasonic AG the IPO has been executed as a 'Safe IPO' independent
from a successful placement. Ultrasonic expects a higher reputation among
its business partners and consumers .The proceeds of the issue will be
fully available for the company. It will be used, together with the own
funds, primary for the further expansion of the distribution network in
China and the enlargement of the to date limited production capacity. Due
to the IPO, the already well financed Ultrasonic Group has an increased
financial flexibility to achieve its growth targets earlier.
'We are pleased, that we could realize our IPO even in these difficult
times at the capital markets. The IPO in Frankfurt is very important for
us, because it strengthens our reputation to attain our expansion goals.
Germany and the Frankfurt Stock Exchange have a very high reputation in
China', commented the chairman and CEO of the Ultrasonic AG, Mr Qingyong
Wu, the initial quotation of Ultrasonic.
BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG was
commissioned as Sole Lead Manager and Sole Bookrunner.
The shares of the Ultrasonic AG are traded with the International
Securities Identification Number (ISIN) DE000A1KREX3, the ticker symbol US5
and the Securities Identification Number (WKN) A1KREX on the Prime Standard
of the Frankfurt Stock Exchange.
About Ultrasonic
The Cologne based Ultrasonic AG is the German holding of the Chinese
Ultrasonic-Group, an established manufacturer and provider of high quality
branded urban footwear. With almost 1,400 employees the group operates in
three market segments, each of which contributing about a third to the
group's revenue. Ultrasonic produces sandals and slippers for the upper
price segment and is a long-term supplier of shoe soles for leading
manufacturers of the booming Chinese sport shoe industry such as Anta, Xtep
and Unisuper. Moreover, the company has successfully established an own
'Urban Footwear' collection which is marketed under the brand ULTRASONIC
and specifically designed to the needs and taste of the growing urban
middle class. Ultrasonic's branded urban footwear collection is currently
marketed in 76 Ultrasonic mono-labelled shops, that realize selling prices
in a range from 400 to 1,200 RMB per pair, which is equivalent to approx.
EUR 50 to 140. Within the last three years Ultrasonic's business had a
compounded annual growth rate of more than 40 percent. In FY2010, the
company generated a total revenue of more than EUR 100 million and achieved
a net profit of approx. EUR 22 million.
For further information about the company visit: www.ultrasonic-ag.de
Disclaimer:
This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any
securities. The shares have been offered in Germany and Austria exclusively
through and on basis of the prospectus issued 28 November 2011. The
prospectus is available on the website of Ultrasonic AG at
www.ultrasonic-ag.de.
This document is no offer for the purchase of securities in the United
States of America. Securities may only be sold or offered for sale with the
previous registration under the U.S. Securities Act of 1933 in the actual
valid version or without previous registration only pursuant to an
exemption.
The shares of Ultrasonic AG (the 'Shares') have not been registered under
the U.S. Securities Act of 1933 in the actual valid version and may not be
sold or offered in the United States
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares,
which are referred to, are only available to relevant persons and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or any
of its contents.
For Enquiries:
MSL Financial
Steffi Fahjen
E-Mail: steffi.fahjen@mslgroup.com
Tel.: +49 (0)69 66 12 456 8394
Bernd Rauch
E-Mail: bernd.rauch@mslgroup.com
Tel.: +49 (0)69 66 12 456 8376
End of Corporate News
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09.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Ultrasonic AG
c/o Luther Rechtsanwaltsgesellschaft mbH; Mergenthalerallee
10-12
65760 Eschborn
Germany
E-mail: clifford.chan@suoli.cc
Internet: www.ultrasonic-ag.de
ISIN: DE000A1KREX3
WKN: A1KREX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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149214 09.12.2011
DGAP-News: Ultrasonic AG: starts successfully on the Prime Standard of the Frankfurt Stock Exchange
| Source: EQS Group AG